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Condotel.biz
offers the latest condo hotel articles and real estate investor news
to help potential investors research real estate investing and condo
hotels. Find out what the media is saying about condo hotels.
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Checking Into Condo-Hotels
Published: December 4, 2006 |
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People who do not like to visit the same place year after year, and those who can only get
away from their jobs on short notice, are not good candidates for condo-hotels, says Greene. ... {more} |
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Homes for Every Season, With Room Service and Linen
Published: October 29, 2006 |
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After buying the condo in August 2005, the couple made $35,000 worth of investments to the property — changing lighting, artwork and some furnishings — before they moved in. The Four Seasons “completed the work in six weeks,” he noted. ... {more} |
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Hotel rates to rise 6.5%
Demand for rooms exceeds supply despite expected slowdown in industry
By Tom Stieghorst
South Florida Sun-Sentinel
Published October 14, 2006 |
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U.S. travelers can expect room rates to rise 6.5 percent next year, despite an expected slowdown in the economy, the travel industry's main trade group forecast on Friday. ... {more} |
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Developer plans hotel-condos for Irish fans in South Bend
Written by The Associated Press
Posted August 29, 2006 |
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SOUTH BEND, Ind. -- Fans of the Fightin' Irish at Notre Dame may soon have a new place to rest their heads at
the end of the long football-filled Saturdays in autumn.
A developer plans to build hotel-condos in downtown South Bend, and is targeting the near-fanatical Notre
Dame football fans as potential condo buyers. ... {more} |
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Orlando's 'pizazz' creates wave of potential for researchers
Written by David Damron and Mark Schlueb
Posted August 24, 2006 |
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TBurnham Institute researchers spend hours in labs working to unravel the molecular workings of diseases, but the scientists also are attracted to the plush natural environment around its La Jolla, Calif., campus.
That was one of the big draws Orlando had to overcome in wooing the biomedical firm away from ... {more} |
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Orlando's big win
Written by Mark Schlueb and David Damron
Posted August 24, 2006 |
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To hear local leaders tell it, luring the Burnham Institute for Medical Research to Orlando will earn a spot in the history books right next to Walt Disney's transformation of Central Florida.
The nonprofit institute, which seeks to cure diseases such as cancer, Alzheimer's and diabetes, announced Wednesday that it will bring at least 300 scientists ... {more} |
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Burnham deal seen as 'big-bang win' for economy
Written by Harry Wessel
Posted August 24, 2006 |
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The Burnham Institute's decision to expand to Orlando makes Central Florida an instant player in the $700 billion biomedical industry.
It will take a few years to determine how lucrative the deal will be for the region, but Burnham's presence could be a giant boost for the Lake Nona area ... {more} |
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LA, Orlando Lead Top 10 Markets To Watch
Written by Mark Heschmeyer
Posted May 15, 2006 |
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Cap Rates and Prices Reveal History Not Future
Los Angeles is the top retail investment market to watch in Sperry Van Ness' 2006 Top 10 Markets To Watch retail report. This is due to expected growth of 100,000 new residents and 80,000 new jobs in 2006 ... {more} |
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Condotels: A Branded Urban Lifestyle For Second-Home Owners
BY DAVID DEVOSS FOR INVESTOR'S BUSINESS DAILY
Posted 3/23/2006 |
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"Moonlight as a VIP. Guests demanding top-rate business facilities fully wired for maximum productivity share the elevator with travelers on the prowl during a hedonistic holiday of beauty treatments, top restaurants and a lively night life." Sound like your cup of tea? Well, for just a bit over $500 a square foot you, too, can buy a piece of the new W Hotel & Residences ... {more} |
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Orlando Set To Dominate Condo Hotel Market
By Bob Ostrander (2006-02-21) |
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Greater Orlando has approximately 120,000 hotel guest rooms. While that’s far more than most U.S. cities, many hotel and
condo hotel developers are confident there’s still room for expansion in this popular tourist and convention destination.
Orlando leading the condo hotel boom... {more} |
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Condo-hotel
a Good Investment |
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Regarding
the Harbor Inn condo-hotel development proposal that received initial
approval by the Punta Gorda City Council...
{more} |
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Recovery
to Continue for 2 Years, NYU Survey Says... |
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New
York - |
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Renewed
growth of domestic business travel (51 percent) and pent-up demand
(27 percent) are the prime factors fueling faster than anticipated
recovery of the U.S. hotel industry back to 2000 levels... {more}
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| 'Condotel'
craze spreads to Kauai |
Second-home
buyers give up kitchens to live in paradise
Wednesday, May 25, 2005 |
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| KAPAA,
Hawaii – Clinton Owen looked around the newly
refurbished Islander on the Beach lobby and felt very confident
with future rental possibilities... {more}
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| NO
ROOM FOR DOUBT IN WEST PALM |
| Palm
Beach Post. West Palm Beach, Fla.: Apr 26, 2005 |
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| Ten
years ago, West Palm Beach would have killed for a downtown
hotel. A convention center hotel has been so hard to come by
that the county is spending $10 million just for the land...
{more} |
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| Hawaii
'condotels' concept catches on |
| By
Tom Kelly |
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| KAPAA,
Kauai, Hawaii - Clinton Owen looked around the newly refurbished
Islander on the Beach lobby and felt very confident about future
rental possibilities. "This property did very well as a
budget hotel," said Owen, the local rental coordinator
for Aston Hotels and Resorts, who attended Meadowdale High School
in Edmonds... {more} |
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Hotel,
condo towers to rise on Rocky Point
The upscale buildings will replace the 150-room Days Inn Rocky
Point, which will come down starting next week. |
By
STEVE HUETTEL, Times Staff Writer
Published April 27, 2005 |
| The
12-story, 200-room Westin Airport Tampa Bay hotel, left, is
to open in December 2006... {more}
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| The
Smart Money is Checking into Hotels |
| Cheryl
Taylor, Sunday Business |
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| There
were 60 deals at sale prices of more than Pounds 2m. Many more
hotels and guesthouses were sold below Pounds 2m. The most notable
UK deal of 2004 was Blackstone's sale of the Savoy Group's four
London hotels for Pounds 750m... {more}
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| TOP
COMMERCIAL REAL ESTATE NEWS STORIES |
| Provided
by Commercial Real Estate Direct |
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| The
perfect storm that hit the hospitality market on 9/11 and the
economic recession is clearing. Occupancy and revenue levels
are steadily increasing and the future looks downright sunny...
{more} |
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Orlando,
Vegas -- 2 of a kind
Orlando
Sentinel - February 7, 2005
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Orlando came off fairly well in a recent Brookings Institution
report that took issue with all of the convention-center expansion
going on across the country. And the report's author, Haywood
Sanders, a university professor in Texas, has had more good
things to say about Orlando since the big study came out...
{more} |
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| Hotels
Booking Bigger Profits |
| The
hotel industry should see a 25 percent increase in pre-tax profit
this year, according to Pricewaterhouse Coopers, which said
in a report that pre-tax profits rose last year by 30 percent
to $16.6 billion...
{more} |
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| Plaza
Hotel to Make Room for Condos, Retail Space |
| Reuters
January 27, 2005
The Plaza Hotel, the New
York landmark where children's book heroine Eloise romped
and Neil Simon's movie "Plaza Suite" unfolded, will
close at the end of April and reopen next year as a condominium-hotel-retail
complex, its owner said Wednesday...
{more}
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Hotel
Properties Have Room for BIG Returns Over the Next Decade
By
SHEILA MUTO
Staff Reporter of THE WALL STREET JOURNAL
October 27, 2004; Page B6
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What type of properties should real-estate investors focus
their sights on now? Hotels
will earn investors the highest returns among the five major
property types, according to a new report to be released in
a few weeks by a trio of real-estate research firms...
{more} |
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TAMPA
TRIBUNE: Condo Conversion
By
DAVE SIMANOFF
dsimanoff@tampatrib.com
Published: Jun 20, 2004
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TAMPA
- The extended home sales boom and historically low interest
rates have tilted a lot of erstwhile renters in favor of home
ownership. It's not just the people who rent but the properties
as well...
{more}
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| One
of the hottest growth areas in the hotel industry is condominium
hotels |
| For
some time in resort destinations like south Florida, condo hotels
now are taking root in urban markets like Chicago, Los Angeles,
New York and Washington...
{more} |
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Homeowners
Embrace A Unique Arrangement
By
JANET MORRISSEY
Staff Reporter of The Wall Street Journal
From The
Wall Street Journal Online
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NEW
YORK -- Vacation-hungry Americans, disillusioned by the time-share
experience but desperate to escape to a second home, have
begun turning toward luxury condominium-hotels for refuge...
{more}
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Condo
Hotel Wave Hits U.S. - Again
National
Real Estate Investor, Oct 1, 2004 by Joe Gose
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Byline: Joe Gose In May 2003, Falor Cos. added
a new twist to its tried-and-true strategy of acquiring, renovating
and repositioning underperforming hotel assets...
{more}
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| GOING,
GOING, GONE! CONDO HOTELS RAPIDLY GAINING POPULARITY |
Joel
Greene here from Condo
Hotel Center.
Well it's been a crazy month here in every way. Besides
the ordeal of moving our offices to a newer, bigger location
for the first time in 34 years, my phone has been ringing
off the hook...
{more} |
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| BUSINESS
TRAVELERS INVEST IN THEIR OWN HOTEL ROOMS |
Some
business travelers walk into a hotel acting like they own
the place. These days, they often do. A piece of it, anyway.
Faced with a tough market for financing hotels, some developers
are selling - rather than just renting - rooms to guests,
thereby making them condominium hotels...
{more}
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